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Eaton National Bank and Trust Company

Eaton, OH · Cert 6579

FDIC

Q4 2013

$182.9MAssets
$131.7MLoans
$164.4MDeposits
$17.6MEquity
Loan mix
77%RE $80.0M14%C&I $14.3M9%Consumer $9.8MQ4 2012Q4 2013
Deposit mix
83%Interest-bearing $135.8M17%Noninterest $28.6MQ4 2012Q4 2013

NIM

4.67%Q4 ’114.09%Q4 ’123.98%Q4 ’13-11%0%

Non-interest income vs. expense

2.94%Q4 ’112.85%Q4 ’123.02%Q4 ’13-22%+7%

Executive Summary

  • Earnings: ROA of 0.54%, up 17 bps year over year; NIM at 3.30%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.84%.
  • Funding: loans stand at 80.16% of deposits as of Q4 2013.

Financial Results

Return on Assets (YTD, annualized)

0.54%+17 bps YoY

Net Interest Margin (YTD, annualized)

3.30%-2 bps YoY

Efficiency Ratio (YTD, annualized)

75.25%+422 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets0.38%0.59%0.60%0.57%0.54%+17 bps
Return on Equity3.89%6.26%6.41%6.07%5.76%+187 bps
Net Interest Margin3.31%3.19%3.22%3.25%3.30%-2 bps
Efficiency Ratio71.03%75.21%75.37%75.52%75.25%+422 bps
Non-Interest Burden2.15%2.24%2.26%2.29%2.30%+15 bps
Growth
Asset Growth (YoY)3.65%0.28%-0.56%1.10%-3.44%-709 bps
Loan Growth (YoY)-3.57%0.30%2.80%10.08%2.19%+576 bps
Deposit Growth (YoY)4.50%0.57%-0.18%-0.57%-3.52%-801 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.93%0.32%0.41%0.79%0.84%-9 bps
Allowance / Loans1.62%1.62%1.50%1.18%1.19%-43 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital15.42%15.65%15.34%14.85%15.16%-26 bps
Equity / Assets9.41%9.38%9.45%9.23%9.63%+22 bps
Liquidity & Funding
Loans / Deposits75.68%74.80%78.45%82.09%80.16%+447 bps
Liquid Assets / Assets14.21%15.51%13.02%11.76%11.85%-235 bps
CRE / Total Capitaln/an/an/an/an/an/an/a